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Functional definition

The Insurance policy administration message is exchanged between
insurers, insurance intermediaries, clients and third parties for
the purpose of policy administration. It covers the administration
of a policy from initial placing, through adjustment and renewal to
cancellation as well as providing policy declarations to third
parties.

Field of application

The Insurance policy administration message may be used for both
national and international applications. It is based on universal
practice related to administration, commerce and transport, and is
not dependent on the type of business or industry.

To specify references related to the business transaction, such as the primary reference that is used to link the transaction contained within this message to a set of related transactions contained within other messages.

To provide identification numbers for the policy component as specified by the intermediary, insurer and client. May also contain the identification numbers of parties or objects to cross refer policy conditions to specific parties or objects to whom they apply.

To specify identification numbers for the party as specified by the intermediary, insurer and client. May also contain identification numbers of a policy (to link the party to one policy if the contract is for a package of policies) or objects (to link the party to specific objects).

To provide identification numbers for the risk object as specified by the intermediary, insurer and client. May also contain identification numbers from the policy or party group in order to link the risk object to one policy or to link parties to the object.

A group of segments to describe the events and activities that are covered by the insurance policy. These may be actual events at a premises or activities performed by the parties to the contract using the objects to the contract, such as beauty treatments performed at a premises, use of a vehicle to convey guests to a premises.

To provide identification numbers for the event as specified by the intermediary, insurer and client. May also contain the identification numbers of parties and objects to cross refer the event or activity to the parties and objects to whom they relate.

A group of segments to describe the previous insurance for risk insured within this policy. The insurance history is expressed as a sequence of periods of insurance, each period may have been with a different insurer under a different policy number.